Controlled by Kenya’s richest families, NCBA Group posts $65 million in profit in H1 2022
The double-digit increase in earnings was driven by a significant rise in interest and non-interest income.
Ndegwa Family
Kenyan banking exec Andrew Ndegwa gains $1.5 million in 43 days from investment in NCBA Group
Ndegwa, an executive director of First Chartered Securities Limited, owns 4.3 percent of NCBA Group.
Wealthy Kenyan Ndegwa family gains $3.1 million from stake in NCBA Group
The Ndegwa family owns 12.52 percent of NCBA Group, which is worth more than $45 million.